Robin Seyr

He is the orange piller! He has already given a lot of offline presentations on Bitcoin, and now he also is here on my Show. Loved his based German view on the world's biggest financial revolution ever! Sponsor of this Video My favorite Bitcoin Exchange 21bitcoin: - Save fees with my code "ROBIN" - or visit: https://robinbtc.link/21bitcoin Do you want to go to Bitcoin Prague? I would love to meet you there! - Get a 10% discount with code "ROBIN" - or visit: https://robinbtc.link/Prague Summary In this conversation, Robin Seyr asks Larry Terwey about his expectations for Bitcoin before and after the halving. Larry believes that the halving will lead to a bull run, especially with the increasing demand and limited supply of Bitcoin. He expects a heavy bull run in the first half of 2020 and sees the potential for a long-term bull market. Larry also shares his approach to educating people about Bitcoin, emphasizing the importance of being patient and giving them the opportunity to ask questions. He discusses common hurdles people face, such as trust in the fiat system and concerns about criminal use and energy consumption. Larry advocates for self-custody but acknowledges the growth of the market for Bitcoin ETFs and other investment options. Larry Terwey discusses his experience driving a Tesla and the advantages of electric cars. He believes that electric cars, particularly Tesla, will survive and become a model for future mobility. He also highlights the open mindset and independence that comes with being a Bitcoiner. Larry is optimistic about the future of Bitcoin and expects to see increased adoption, particularly in the form of ETFs and payment technologies. He believes that the Euro and the dollar may be replaced by Bitcoin in the next 20 years. Takeaways The halving is expected to lead to a bull run in Bitcoin, driven by increasing demand and limited supply. Educating people about Bitcoin requires patience and giving them the opportunity to ask questions. Common hurdles include trust in the fiat system, concerns about criminal use, and understanding energy consumption. While self-custody is advocated, the market for Bitcoin ETFs and other investment options is also growing. Tesla is the preferred option for driving long distances due to its extensive supercharger network. Electric cars, particularly Tesla, offer advantages such as comfort, silence, and fun driving experiences. Larry Terwey believes that electric cars, including Tesla, will survive and become a model for future mobility. Being a Bitcoiner fosters an open mindset, independence, and a different spirit of community. Larry expects increased Bitcoin adoption through the introduction of ETFs, payment technologies, and new business models. He predicts that the Euro and the dollar may be replaced by Bitcoin within the next 20 years. Chapters 00:00 Expectations Before and After the Halving 06:24 Educating People about Bitcoin 07:15 Hurdles in Educating People about Bitcoin 10:59 The Importance of Giving People Time to Understand Bitcoin 25:15 Mainstream Adoption of Self-Custody 28:15 Diverse Views within the Bitcoin Community 29:12 Different Perspectives on Electric Cars and Food 30:00 Larry's Love for Electric Cars 32:41 Bitcoin's Impact on Society and Open-Mindedness 35:37 Bitcoin's Influence on Mindset and Financial Habits 37:12 The Future of Bitcoin Adoption and Payments 40:03 Concerns about European Regulations 43:37 The Hopeful and Positive Nature of Bitcoiners 47:41 Bitcoin's Resilience and Freedom 49:06 Exciting Developments in Bitcoin 51:59 The Future of Credit Card Payments 55:06 Closing and Contact Information

How is a world on a Bitcoin Standard looking? What will happen with taxes? Why is Bitcoin the perfect vehicle for individual freedom? Sponsor of this Video My favorite Bitcoin Exchange 21bitcoin: - Save fees with my code "ROBIN" - or visit: https://robinbtc.link/21bitcoin Do you want to go to Bitcoin Prague? I would love to meet you there! - Get a 10% discount with code "ROBIN" - or visit: https://robinbtc.link/PragueGuests Twitter: https://twitter.com/MichaelAntonF Summary The conversation explores the potential impact of Bitcoin on society and governance. It emphasizes the importance of money as the foundation of society and argues that building on a weak money leads to societal collapse. Bitcoin is seen as a solution to the fundamental problems in society, and adopting a hard money standard is seen as necessary for fixing these problems. The conversation also touches on the inspiration behind writing the book, the engineering mindset in understanding Bitcoin, the transition to a Bitcoin standard, and the potential for peaceful revolution. In this conversation, Michael Anton Fischer discusses the concept of Bitcoin Nations, which are independent territories that operate on a Bitcoin standard. He explains that Bitcoin Nations would allow individuals to choose the rules and regulations they want to live by, creating a competitive market for governance. Fischer also explores the idea of a global league of free private cities and counties, where like-minded individuals can band together to defend their rights and interests. He emphasizes the importance of decentralization in areas such as education and building codes, and highlights the potential of Lightning Network in revolutionizing payments. Fischer also shares his thoughts on the future of real estate and the study of moral philosophy. Takeaways Money is the foundation of society, and building on a weak money leads to collapse. Bitcoin is seen as a solution to the fundamental problems in society. Adopting a hard money standard is necessary for fixing these problems. The engineering mindset is helpful in understanding Bitcoin. The transition to a Bitcoin standard may face challenges, but the competition for workers and the advantages of freedom can drive its success. Bitcoin has the potential to bring about actual democracy and transform governance. The distinction between public and private entities may become less relevant in the future. The Hanseatic City League is seen as a historical example that is comparable to the potential future with Bitcoin. Bitcoin Nations could create a competitive market for governance, allowing individuals to choose the rules and regulations they want to live by. A global league of free private cities and counties could provide a platform for like-minded individuals to defend their rights and interests. Decentralization is important in areas such as education and building codes, where competition and market forces can drive innovation and efficiency. Lightning Network has the potential to revolutionize payments, offering a superior alternative to traditional payment systems. Chapters 00:00 The Impact of Bitcoin on Society and Politics 01:54 Inspiration for Writing the Book 04:26 Bitcoin's Effect on Governance 07:00 Taxes on a Bitcoin Standard 09:49 The Engineering Mindset and Understanding Bitcoin 14:26 Bitcoin as the Base Layer 20:02 The Transition to a Bitcoin Standard 21:39 Democracy and Anarchy in Bitcoin Nation 26:49 The Future of States and Non-Territorial Entities 28:30 Comparing Bitcoin to Historical Monetary Systems 28:50 The Hanseatic City League and Free Private Cities 32:47 Decentralization and Certification 37:44 Bitcoin Adoption and the Future 46:51 Real Estate and Bitcoin 52:00 Studying Moral Philosophy 54:10 The Cost of Producing a Bitcoin

What an OG Bitcoin Maxi Interview with CJK: Bitcoin will rise & dominate while fiat falls down. When the rug is pulled out, then trust in the current system will be lost. Sponsor of this Video My favorite Bitcoin Exchange 21bitcoin: - Save fees with my code "ROBIN" - or visit: https://robinbtc.link/21bitcoin Do you want to go to Bitcoin Prague? I would love to meet you there! - Get a 10% discount with code "ROBIN" - or visit: https://robinbtc.link/Prague Summary In this conversation, CJK, an OG Bitcoin Maxi, discusses the potential collapse of fiat currencies and the rise of Bitcoin as the solution. He explains that the loss of trust in the system is what leads to hyperinflation, and he believes that trust in governments is declining. CJK also discusses the transition to a Bitcoin standard and the role of central bank digital currencies (CBDCs) in prolonging the life of fiat currencies. He emphasizes the importance of owning Bitcoin and suggests that in a non-peaceful revolution scenario, it is essential to have alternative assets like gold and silver for barterability and security. CJK also explores the cost structure analysis of various assets and predicts that Bitcoin will eliminate the monetary premiums of real estate, gold, and stocks. The conversation explores the relationship between the price of Bitcoin and the cost of production, as well as the concept of Bitcoin as collateral. It emphasizes the importance of understanding cost structure analysis and the role of miners in driving the price of Bitcoin. The discussion also touches on the role of altcoins and the potential of layer 2 solutions like Lightning Network. The conversation concludes with a focus on the importance of human interaction and the need for a free market to determine the price of money. Takeaways The loss of trust in the system is what leads to hyperinflation, and trust in governments is declining. Central bank digital currencies (CBDCs) are being introduced to prolong the life of fiat currencies, but Bitcoin is seen as the natural evolution of money. In a non-peaceful revolution scenario, it is important to have alternative assets like gold and silver for barterability and security. Bitcoin will eliminate the monetary premiums of real estate, gold, and stocks as it becomes the first true form of money. Understanding the cost structure analysis of assets can help determine if they are overpriced or not. Understanding cost structure analysis is crucial in determining whether an investment is cheap or expensive. The price of Bitcoin is indirectly correlated with the cost of production, as miners reinvest their profits to increase hash rate. Bitcoin can be used as collateral to borrow against, rather than lending it out to earn interest. Altcoins should complement Bitcoin rather than compete with it, and layer 2 solutions like Lightning Network can increase the monetary velocity of Bitcoin. Human interaction and relationships are still important in the world of decentralized finance. The free market should determine the price of money, and Bitcoin offers the opportunity to redefine the risk-free rate. The current economic situation calls for attention and understanding of the ongoing transfer of wealth. Chapters 00:00 Introduction and OG Bitcoin Maxi 01:03 The Potential Collapse of Fiat Currencies 02:53 Preparing for a Transition to Bitcoin 06:35 Peaceful vs. Unpeaceful Revolution 11:03 Bitcoin as Engineered Money 23:55 Bitcoin's Impact on Other Assets 31:01 Bitcoin's Value Proposition and the Cost of Production 32:19 The Indirect Correlation Between Mining Hash Rate and Price 34:38 The Importance of Borrowing Against Bitcoin 42:08 The Role of Altcoins and the Value of Stacks 47:42 Bitcoiners' Connection with Nature and Human Interaction 54:46 Redefining the Risk-Free Rate with Bitcoin

The Voice of Bitcoin explaining us, why BTC is the by far best vehicle for your pension, and even potentially retire early on it. Sponsor of this Video My favorite Bitcoin Exchange 21bitcoin: - Save fees with my code "ROBIN" - or visit: https://robinbtc.link/21bitcoin Do you want to go to Bitcoin Prague? I would love to meet you there! - Get a 10% discount with code "ROBIN" - or visit: https://robinbtc.link/Prague Guests Twitter: https://twitter.com/bitcoinmiser Summary The conversation explores the journey of Bitcoin Miser, who retired early and invested in Bitcoin as a means of securing his financial future. He discusses how he saved for retirement through pensions and investments, and how he capitalized on the equity in his property to invest in Bitcoin. Bitcoin Miser believes that Bitcoin is the best performing asset and sees it as the ideal choice for early retirement. He explains that Bitcoin is a time chain, a pure form of money that is not manipulated and provides accountability and responsibility. The conversation also touches on the impact of Bitcoin on the internet and the importance of financial literacy. Bitcoin is seen as the solution to the flaws in the current financial system, which is viewed as a Ponzi scheme due to its ability to print money out of thin air. Bitcoin is described as a revolution that brings a sound and stable monetary policy, free from government control. It is seen as the purest form of money, created by Satoshi Nakamoto, and offers a decentralized and finite currency. The success of Bitcoin is measured by its ability to continue doing what it does now, providing a better future for humanity. Takeaways Saving for early retirement can be achieved through pensions and investments. Bitcoin is seen as the best performing asset and a reliable choice for early retirement. Bitcoin is a time chain, a pure form of money that provides accountability and responsibility. Bitcoin has the potential to revolutionize the concept of money and has a significant impact on the internet. Financial literacy is crucial in understanding the value and potential of Bitcoin. Bitcoin is seen as the solution to the flaws in the current financial system, which is viewed as a Ponzi scheme. Bitcoin is described as a revolution that brings a sound and stable monetary policy, free from government control. Bitcoin is seen as the purest form of money, created by Satoshi Nakamoto, and offers a decentralized and finite currency. The success of Bitcoin is measured by its ability to continue doing what it does now, providing a better future for humanity. Chapters 00:00 Introduction and Setting the Stage 00:17 Saving for Early Retirement 03:26 Bitcoin as the Number One Choice for Early Retirement 06:18 Bitcoin as a Time Chain 09:07 Bitcoin as Information and the Arrow of Time 12:29 Bitcoin's Potential as a Measurement of Time 21:31 Personal Journey and Discovering Bitcoin 24:18 Educating Others about Bitcoin 27:12 The Importance of Leading by Example 31:03 Avoiding Shitcoin Phases and Focusing on Bitcoin 32:38 Understanding the Value of Bitcoin 36:21 The Problems with the Current Financial System 38:51 Bitcoin as the Ideal Money 43:15 Government Control and Bitcoin's Resistance 44:34 Regulation and the Future of Bitcoin 46:45 The Uncertain Future of Fiat Currencies 52:38 Bitcoin as a Tool for Financial Inclusion 54:02 The Long-Term Success of Bitcoin 56:39 The Life and Times of Bitcoin Podcast

Last year was a blast, and this year will be even better! I'm personally already looking forward to meeting all of you at the BTC Prague event. It's the one event that's worth the travel, even for Americans! Sponsor of this Video My favorite Bitcoin Exchange 21bitcoin: - Save fees with my code "ROBIN" - or visit: https://robinbtc.link/21bitcoin Do you want to go to Bitcoin Prague? I would love to meet you there! - Get a 10% discount with code "ROBIN" - or visit: https://robinbtc.link/Prague Summary Attending Bitcoin conferences provides several benefits, including building conviction, gaining knowledge through feedback loops, networking, and having fun. Meeting other Bitcoiners in person helps to strengthen the community and fosters trust. Bitcoin conferences offer a unique energy and inspire individuals to do more in the Bitcoin space. The Bitcoin Prague conference aims to help attendees level up their Bitcoin knowledge and skills. The Czech Republic has a strong Bitcoin community and a history of valuing freedom. The future of Bitcoin adoption may lead to changes in politics, taxation, and government services. Takeaways Attending Bitcoin conferences helps to build conviction and strengthen the Bitcoin community. In-person interactions at conferences provide valuable feedback loops and opportunities for networking. Bitcoin conferences offer a unique energy and inspire individuals to do more in the Bitcoin space. The Bitcoin Prague conference focuses on helping attendees level up their Bitcoin knowledge and skills. The Czech Republic has a strong Bitcoin community and a history of valuing freedom. The future of Bitcoin adoption may lead to changes in politics, taxation, and government services. Chapters 00:00 Why Attend Bitcoin Conferences? 05:40 Addressing OPSEC Concerns at Bitcoin Conferences 07:28 The Energy and Inspiration of Bitcoin Conferences 09:26 Favorite Moments at Bitcoin Prague 11:34 Organizing Bitcoin Conferences and Attracting Speakers 27:55 The Vision for Bitcoin Prague and the Future 39:48 The Theme of Leveling Up at Bitcoin Prague 44:23 Future Plans for Bitcoin Prague

Is Bitcoin Maximalism the way? Why should we focus only on BTC? Sponsor of this Video My favorite Bitcoin Exchange 21bitcoin: - Save fees with my code "ROBIN" - or visit: https://robinbtc.link/21bitcoin Do you want to go to Bitcoin Prague? I would love to meet you there! - Get a 10% discount with code "ROBIN" - or visit: https://robinbtc.link/Prague Summary In this conversation, Mir_btc discusses the concept of Bitcoin maximalism and how it is actually a form of minimalism. Bitcoin maximalism is about focusing on the best and decluttering everything else. Mir_btc explains that Bitcoin is the only truly decentralized and censorship-resistant cryptocurrency, making it the best choice to invest in and support. They also discuss the importance of empathy in the Bitcoin community, as maximalists want to prevent others from getting scammed or wasting their time on inferior projects. Mir_btc is known as the 'godmother' of Italy's Bitcoin community for her work in creating a strong and supportive community in Milan. They also touch on the future of social media and the potential for decentralized platforms like Nostra to coexist with centralized platforms like Twitter and YouTube. Mir_btc discusses the impact of Bitcoin adoption on the economy and society in Lugano, Italy. He highlights the importance of a circular economy and the role of Bitcoin in promoting local spending and supporting local businesses. Mir_btc shares his experience of introducing Bitcoin acceptance in shops and restaurants, and the excitement of being the first to use Bitcoin in these establishments. He also discusses the potential for Lugano to become a hub for Bitcoiners, with a physical space for collaboration and meetups. Mir_btc expresses his bullishness on Bitcoin and its ability to free individuals from day-to-day jobs, allowing them to focus on their passions and contribute to the improvement of society. Takeaways Bitcoin maximalism is about focusing on the best and decluttering everything else. Bitcoin is the only truly decentralized and censorship-resistant cryptocurrency. Empathy is important in the Bitcoin community to prevent others from getting scammed or wasting their time on inferior projects. Mir_btc is known as the 'godmother' of Italy's Bitcoin community for her work in creating a strong and supportive community in Milan. Decentralized platforms like Nostra have the potential to coexist with centralized platforms like Twitter and YouTube. Bitcoin adoption can promote a circular economy and support local businesses by encouraging local spending. Introducing Bitcoin acceptance in shops and restaurants can be an exciting experience, with the potential to be a catalyst for wider adoption. Lugano has the potential to become a hub for Bitcoiners, with a physical space for collaboration and meetups. Bitcoin has the potential to free individuals from day-to-day jobs, allowing them to focus on their passions and contribute to the improvement of society. Chapters 00:00 Introduction 00:26 Bitcoin Maximalism as Minimalism 09:50 The Godmother of Italy's Bitcoin Community 13:46 Exciting Developments in the Bitcoin Community 25:58 Breaking Network Effects and the Rise of Bitcoin Platforms 31:04 Bitcoin as a Standard Medium of Exchange 35:29 Moving to Lugano and Deep Integration of Bitcoin 36:38 Bitcoin Adoption in Lugano 43:38 Bitcoin Adoption in Different Countries 48:34 Bitcoin Adoption in Italy 57:05 The Impact of Bitcoin on Society 01:02:48 The Future of Bitcoin

What is a Multi-Sig Wallet? Where should I store my BTC for a lower budget? Are Bitcoin ETFs, and other centralizing movements, making him nervous? Sponsor of this Video My favorite Bitcoin Exchange 21bitcoin: - Save fees with my code "ROBIN" - or visit: https://robinbtc.link/21bitcoin Do you want to go to Bitcoin Prague? I would love to meet you there! - Get a 10% discount with code "ROBIN" - or visit: https://robinbtc.link/Prague Summary The conversation explores the importance of taking personal custody of Bitcoin and the benefits of self-custody. The main reasons highlighted include the supply cap, seizure resistance, privacy, and censorship resistance. The potential risks of Bitcoin being tied into the conventional financial system, such as through Bitcoin ETFs, are also discussed. The concept of multi-signature (multi-sig) wallets is explained, emphasizing their fault tolerance and protection against seizure. SeedSigner is introduced as a stateless device that can be used for multi-sig and offers a balance between single-sig hardware wallets and complex multi-sig setups. In this conversation, SeedSigner discusses the motivation behind SeedSigner, a community-driven open-source Bitcoin cold storage tool. They talk about the importance of self-custody and the need for secure and accessible solutions. SeedSigner explains the process of building a SeedSigner device and the benefits of using an air-gapped environment for private key management. They also touch on the ongoing debate about Bitcoin protocol ossification and the potential for sidechains and layer twos to provide alternative solutions for UTXO ownership. The conversation concludes with a discussion on the importance of truth and the role of community in the Bitcoin space. Takeaways Taking personal custody of Bitcoin is important for various reasons, including the supply cap, seizure resistance, privacy, and censorship resistance. The risks of Bitcoin being tied into the conventional financial system, such as through Bitcoin ETFs, are a concern. Multi-signature (multi-sig) wallets provide fault tolerance and protection against seizure, making them a valuable option for self-custody. SeedSigner is a stateless device that simplifies multi-sig setups and offers a balance between single-sig hardware wallets and complex multi-sig configurations. SeedSigner is a community-driven open-source Bitcoin cold storage tool that promotes self-custody and secure private key management. The SeedSigner device is built using a Raspberry Pi, an LCD screen, controls, and a camera, providing an air-gapped environment for offline key management. The ongoing debate about Bitcoin protocol ossification raises questions about the scalability and accessibility of UTXO ownership, with potential solutions being explored on sidechains and layer twos. Truth is considered the most important aspect in the Bitcoin space, as it forms the foundation for understanding and making informed decisions. Community engagement and collaboration are crucial for the growth and development of the Bitcoin ecosystem, with projects like SeedSigner aiming to provide accessible and secure solutions for Bitcoin users. Chapters 00:00 Introduction and Self-Custody 00:18 Importance of Self-Custody and Multi-Signature 09:15 Risks of Bitcoin ETFs and Importance of Self-Custody 10:05 Understanding Multi-Signature and Its Importance 21:55 Transitioning to Self-Custody and Multi-Signature 28:11 SeedSigner as a Solution for Self-Custody 32:25 Stateless Devices and the Future of Multi-Signature 33:27 Writing Bitcoin a Million Times 36:51 The Origins of SeedSigner 57:44 Building and Using SeedSigner 01:04:37 The Future of Bitcoin and Cold Storage 01:14:24 The Importance of Truth 01:15:34 Where to Find SeedSigner

A full-on Bitcoin Standard in the 2030s! What impact will AI have on Bitcoin? Why Bitcoin is a bigger revolution than the Internet? Why also the Internet needs BTC to be good, and not bad. Favorite Line: Fiat is only going down, and Bitcoin only going up. LOVE IT! Sponsor of this Video My favorite Bitcoin Exchange 21bitcoin: - Save fees with my code "ROBIN" - or visit: https://robinbtc.link/21bitcoin Do you want to go to Bitcoin Prague? I would love to meet you there! - Get a 10% discount with code "ROBIN" - or visit: https://robinbtc.link/Prague Summary The most widely misunderstood aspect of Bitcoin is its role as a monetary asset and a reliable store of value. Many people still don't trust Bitcoin or understand its potential. Bitcoin is not just a payment app or a platform; it is a monetary protocol that is being monetized faster than any other monetary good in history. The trust network of Bitcoin is growing and providing positive feedback for its adoption. Bitcoin is a fundamental protocol that is core to our communication layers, and it has the potential to reinvent the internet. Bitcoin's adoption and trust-building process will be slow and long. In this conversation, Guy Swann discusses the potential timeline for a complete Bitcoin standard and its impact on society. He explains that trust in Bitcoin is a slow network effect that takes time to gain. He references Alex Fetzky's three generations theory, which suggests that it may take 25-30 years for Bitcoin to become the base of a new growing economy. Swann also discusses the acceleration of technology and the disruptions that occur on top of disruptions. He believes that a Bitcoin standard will remove the misinformation and friction caused by fiat money, leading to a renaissance and a more productive society. Chapters 00:00 Introduction 00:17 The Widely Misunderstood Aspect of Bitcoin 05:00 Bitcoin as a Fundamental Protocol 07:38 Bitcoin and the Internet Revolution 38:47 The Problem of Identity and Credit Card Fraud 44:47 The Transition to a Bitcoin Standard 51:24 The Acceleration of Technological Disruptions 01:01:37 The Collapse of Real Estate Prices and the Rise of Bitcoin

The anonymous OG Lau shares with us his thoughts about the upcoming major Bitcoin run, and the fast collapse of the fiat system. Fascinating to hear, what he thinks! Sponsor of this Video My favorite Bitcoin Exchange 21bitcoin: - Save fees with my code "ROBIN" - or visit: https://robinbtc.link/21bitcoin Do you want to go to Bitcoin Prague? I would love to meet you there! - Get a 10% discount with code "ROBIN" - or visit: https://robinbtc.link/Prague Summary The guest chose to be anonymous to serve the Bitcoin community without seeking personal credit. Privacy is important in the Bitcoin space to protect against social threats. Bitcoin's success is measured by its adoption as a store of value and its ability to eat up all other stores of value. Bitcoin will bring financial freedom to countries struggling with poverty and will disrupt protectionist policies. Bitcoin's impact goes beyond money and can change the world by challenging existing monetary policies and creating opportunities for economic growth. Bitcoin has the potential to free people from financial repression and solve world hunger by giving access to capital. The collapse of the dollar is estimated to happen within three years, leading to hyperinflation. Bitcoin's value is expected to increase exponentially, and its adoption as the main store of value and unit of account is predicted within 10 years. CBDCs are seen as irrelevant and doomed to fail, as people will choose what's best for them, and merchants won't accept them. Bitcoin's scalability is believed to be underestimated, as the increasing value will fund its development. Chapters 00:00 Introduction and Anonymity 00:16 The Importance of Privacy 03:44 The Dangers of Rapid Bitcoin Success 05:19 The Role of Second Layer Solutions 06:46 The Innovative Nature of Bitcoin Development 08:51 Improving Bitcoin Privacy 12:52 The Significance of Proof of Work 14:24 Bitcoin Success in the Future 19:51 The Fall of Protectionism 23:07 The Value of Ideas Over Ownership 27:00 Bitcoin's Potential to Alleviate Poverty 27:34 Monetary Policy and Interest Rates 28:04 The Problem with Interest Rates 29:03 Bitcoin as a Solution to Financial Repression 30:03 Bitcoin's Moral Case: Solving World Hunger 31:11 The Collapse of Currencies and the Dollar's Future 33:42 Japan's Monetary Policy and Access to Capital 34:42 The Onset of Superinflation and the Collapse of the Dollar 36:39 Bitcoin's Price and Value in the Face of Hyperinflation 38:36 Bitcoin's Absolute Scarcity and Infinite Price 40:35 Estimating Bitcoin's Value in the Future 43:21 Adopting a Bitcoin Standard and Taking Responsibility 47:09 The Irrelevance of CBDCs and the Value of Bitcoin 52:26 Merchants' Resistance to CBDCs 55:36 The Failure of CBDCs and Individual Choices 56:59 CBDCs as a Trojan Horse for Bitcoin 58:00 Bitcoin's Scalability and Development Funding 01:00:12 Bitcoin as the Main Store of Value and Unit of Account

Ronny was born abroad and came back to his roots in El Salvador. He realized it's the place to be right now. How expensive is it to live there? What should you keep in mind before moving? And why is it so great there? We cover all of it! Sponsor of this Video My favorite Bitcoin Exchange 21bitcoin: - Save fees with my code "ROBIN" - or visit: https://robinbtc.link/21bitcoin Do you want to go to Bitcoin Prague? I would love to meet you there! - Get a 10% discount with code "ROBIN" - or visit: https://robinbtc.link/Prague Summary Ronny, the owner of the Bitcoin Hardware Store in El Salvador, shares his journey of returning to his roots in El Salvador and getting involved in the Bitcoin community. He explains how he was initially drawn to El Salvador due to the similarities he saw between the country and the places he had traveled to. Ronny also discusses the impact of President Bukele's pro-Bitcoin stance on his decision to move back. He emphasizes the importance of education and community in driving Bitcoin adoption in El Salvador. El Salvador is a safe and welcoming country for visitors, with English widely spoken and technology like Google Translate available for assistance. It is recommended to do some research before visiting, such as reading travel guides and listening to podcasts from Bitcoin bloggers and podcasters who have shared their experiences. Residency in El Salvador is relatively easier to obtain compared to some other countries, although it does require a time commitment of about eight months per year. The government in El Salvador is supportive of new ideas and initiatives, making it an attractive destination for those looking to build and innovate. Takeaways Ronny's decision to move back to El Salvador was influenced by his desire to reconnect with his roots and the similarities he saw between El Salvador and other countries he had visited. President Bukele's pro-Bitcoin stance played a significant role in Ronny's decision to stay in El Salvador and get involved in the Bitcoin community. Bitcoin adoption in El Salvador faces challenges such as misinformation and lack of trust in the government, but progress is being made, especially among the younger generation. Education and communication are key to overcoming barriers to Bitcoin adoption in El Salvador, and the Bitcoin community plays a crucial role in driving this education and awareness. Ronny recommends immersing oneself in the Bitcoin community and learning about Bitcoin to fully understand its potential and benefits. El Salvador is a safe and welcoming country for visitors, with English widely spoken and technology like Google Translate available for assistance. Doing research before visiting, such as reading travel guides and listening to podcasts from Bitcoin bloggers and podcasters, can provide valuable insights and tips. Obtaining residency in El Salvador is relatively easier compared to some other countries, although it does require a time commitment of about eight months per year. The government in El Salvador is supportive of new ideas and initiatives, making it an attractive destination for those looking to build and innovate. Chapters 00:00 Introduction and Background 01:55 Moving Back to El Salvador 05:58 Discovering Bitcoin 07:15 Opening the Bitcoin Hardware Store 10:06 Misconceptions about Bitcoin in El Salvador 11:28 Bitcoin Adoption in El Salvador 21:59 Perception of Bitcoin in Different Countries 25:16 Recommendations for Moving to El Salvador 28:18 Family-Oriented Culture and Social Interactions 29:06 Recommendations for Visiting El Salvador 30:38 Residency in El Salvador 33:39 Cost of Living in El Salvador 36:47 Importance of El Salvador in the Bitcoin Narrative 37:16 Perception of El Salvador in the Western Hemisphere 38:06 El Salvador's Impact on Bitcoin and the Global Economy 40:34 El Salvador as Ground Zero for Bitcoin Adoption 42:54 El Salvador's Role in Shaping the Future 45:18 Repetition and Immersion in Learning 46:36 Potential Next Country to Embrace Bitcoin 48:06 Alternative Path Without Bitcoin 49:06 Is Bitcoin Divine?